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Hang Seng Wavers as China Factory Data Misses Expectations
China’s economic signals pressured Asian stocks, making risk assets vulnerable.
Hong Kong’s Hang Seng Index fell over 1% after China’s PMI data came in below expectations, heightening concerns over factory slowdown and export weakness. Technology and industrial stocks led losses, with investors trimming exposure to cyclical sectors amid signs of softer manufacturing demand. Analysts said the weaker PMI reinforces pressure on Beijing’s stimulus efforts, prompting renewed caution across Asia’s equity markets and commodity-linked assets.